Apartment List, which released a Rentonomics Data Report that provides information on rental trends across the top 100 U.S. cities, has declared San Francisco the second least affordable city in the nation. We spend 46 percent of our income on rent, versus "normal" cities where residents shell out 25 percent of their paycheck for rent.
What's more, rents have increased 6.24 percent since January 2013, according to Apartment List. San Francisco's average rental rate for a one-bedroom apartment is $2,824.99 while Oakland's is $1,514.43 (remember when Oakland wasn't cool and a one-bedroom by the lake was $800?).
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